The First Financial Bank N.A. Trust Division Maintains Position in Mondelez International Inc. (MDLZ)

The First Financial Bank N.A. Trust Division Maintains Position in Mondelez International Inc. (MDLZ)

First Financial Bank N.A. Trust Division continued to hold its stake in Mondelez International Inc. (NASDAQ:MDLZ) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,566 shares of the company’s stock at the end of the third quarter. First Financial Bank N.A. Trust Division’s holdings in Mondelez International were worth $464,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Emerald Acquisition Ltd. acquired a new stake in Mondelez International during the second quarter worth about $193,868,000. UBS Asset Management Americas Inc. boosted its stake in Mondelez International by 45.6% in the second quarter. UBS Asset Management Americas Inc. now owns 9,676,174 shares of the company’s stock worth $440,362,000 after buying an additional 3,028,890 shares during the period. Axiom International Investors LLC DE acquired a new stake in Mondelez International during the second quarter worth about $63,034,000. First Eagle Investment Management LLC boosted its stake in Mondelez International by 24,656.8% in the second quarter. First Eagle Investment Management LLC now owns 1,370,536 shares of the company’s stock worth $62,373,000 after buying an additional 1,365,000 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in Mondelez International by 26.5% in the second quarter. Canada Pension Plan Investment Board now owns 6,219,596 shares of the company’s stock worth $283,054,000 after buying an additional 1,303,450 shares during the period. Hedge funds and other institutional investors own 75.46% of the company’s stock.

Shares of Mondelez International Inc. (NASDAQ:MDLZ) traded up 1.84% on Friday, reaching $43.28. 3,702,863 shares of the company traded hands. The company has a market capitalization of $66.84 billion, a P/E ratio of 82.60 and a beta of 1.11. Mondelez International Inc. has a one year low of $35.88 and a one year high of $46.40. The firm’s 50 day moving average is $42.99 and its 200 day moving average is $43.71.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, October 26th. The company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.09. Mondelez International had a return on equity of 10.88% and a net margin of 3.16%. The company earned $6.40 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter last year, the firm earned $0.38 earnings per share. The company’s revenue was down 6.6% on a year-over-year basis. Analysts expect that Mondelez International Inc. will post $1.95 earnings per share for the current fiscal year.

A number of analysts have issued reports on MDLZ shares. Susquehanna reiterated a “buy” rating and issued a $60.00 target price on shares of Mondelez International in a research note on Tuesday, August 30th. Zacks Investment Research upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Tuesday, November 22nd. RBC Capital Markets restated an “outperform” rating and issued a $54.00 price objective on shares of Mondelez International in a research note on Wednesday, August 31st. Deutsche Bank AG restated a “hold” rating and issued a $46.00 price objective on shares of Mondelez International in a research note on Thursday, November 10th. Finally, Credit Suisse Group AG restated a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a research note on Thursday, September 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $47.21.

In other news, Director Trian Fund Management, L.P. sold 3,800,000 shares of Mondelez International stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $44.09, for a total transaction of $167,542,000.00. Following the completion of the sale, the director now owns 13,495 shares of the company’s stock, valued at $594,994.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lewis W. K. Booth bought 2,500 shares of the company’s stock in a transaction dated Friday, November 11th. The shares were purchased at an average cost of $41.61 per share, with a total value of $104,025.00. The disclosure for this purchase can be found here. Insiders own 3.90% of the company’s stock.

Mondelez International Company Profile

Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.

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